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Future Market Insights has announced the addition of the “Intermediate Bulk Container Market: Global Industry Analysis and Opportunity Assessment 2016-2026\" report to their offering.
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An intermediate bulk container is a large vessel that is used to store fluid and bulk
materials and also used to transport them. An extensive growth in demand for ocean
transportation viz. a viz. containers also resulted in increase of similar products and
industries. Intermediate bulk container is a reusable industrial container and its main
purpose is to protect large quantities of goods like food ingredients, solvents,
pharmaceuticals etc. These cubical shaped containers are mainly designed to move other
cans and containers using a pallet jack or a forklift. Moreover, when compared to
cylindrical-shaped containers, intermediate bulk containers can transport supplementary
materials in the similar footprint being cubical in shape and have a durable lifespan of
more than 20 years. Intermediate bulk containers are made of various materials including
plastic, fiberboard, wood, metal etc. Most of the intermediate bulk containers have a
built-in faucet/tap at the base of the container through which the liquid content can be
withdrawn into smaller containers by attaching hoses/pipes. Intermediate bulk
containers are used to ship and store commodities and raw materials, bulk chemicals and
hazardous materials, petrochemical products, food syrups etc.
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Intermediate Bulk Container Market- Market Segmentation:
Global Intermediate Bulk Container market is segmented on the basis of container type,
by materials type, and by end use. On the basis of container type the global intermediate
bulk container market can be segmented as rigid containers and flexible bulk container.
On the basis of materials type, intermediate bulk container market can be segmented
into plastic, fiberboard, wood, aluminum and metal. On the basis of end use the global
intermediate bulk container market can be segmented as food and beverages,
healthcare, chemical, industrial goods and other industries (includes construction,
fertilizers, and mining and minerals).
Intermediate Bulk Container Market - Market Dynamics:
Growth in demand for intermediate bulk container is expected to grow strongly for
several reasons. One of the major factors contributing towards the growth of
intermediate bulk container market is, expanded use of larger, higher value containers
that offer boosted performance and are more cost effective than smaller containers with
shorter term service capability. Another aspect towards the growth of the intermediate
bulk container market the reusability factor of the container. Another key factor of
growing intermediate bulk container market is the business dependency on safety and
sterilized shipping of products. Also expansion of commodity trade in developing nations
is expected to fuel the demand of global intermediate bulk container market. On the
other hand, the restraining factor towards the growth of the intermediate bulk container
market is higher initial cost and lack of awareness among consumer.
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Intermediate Bulk Container Market - Regional Outlook:
Geographically, the global Intermediate Bulk Container market is segmented into North
America, Latin America, Europe, Asia-Pacific (APAC) and the Middle East & Africa (MEA).
The global intermediate bulk container market is expected to witness a stable CAGR over
the forecast period of 2016-2024. Moreover, North America is expected to be the largest
intermediate bulk container market in terms of intermediate bulk containers, due to the
higher rate of exporting products and goods. Apart from this, the wide evolution of the
container shipping and low freight rates is expected to boost further the sales of the
intermediate bulk container market in Asia Pacific by the end of the forecast period of
Intermediate Bulk Container Market - Major Players:
Some of the major players identified across the globe in the intermediate bulk
container market are Berry Plastics, Conitex Sonoco, Global-Pak, Greif Flexible Products
& Services, Plastipak Group, Berenfield Containers Incorporated, BWAY Corporation,
Koch Industries Incorporated, Weidenhammer Packungen, Bulk Lift International,
Halsted, Intertape Polymer Group, J&HM Dickson, Jumbo Bag, Langston, LC Packaging.
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